March 18, 2016
In recent months, there has been excitement about the prospect of new electronic payment services in Thailand. News reports have described a system that will enable instantaneous funds transfer using only ID cards.From a public policy standpoint, it is challenging to move small payments to the electronic space. When that is accomplished, however, it can result in substantial benefits. For example, reducing the usage of cash can reduce the yield of robberies on the street and ultimately reduce the occurrence of robberies.